A Substantial Gas Field Is Discovered on Koppers South
November 22 2006 - 8:00AM
PR Newswire (US)
HUNTSVILLE, Tenn., Nov. 22 /PRNewswire-FirstCall/ -- Miller
Petroleum, Inc. (OTC:MILL) (BULLETIN BOARD: MILL) announces the
completion of drilling operations on the Koppers # 43B on September
29, 2006. This well is among the initial eight wells on our Koppers
South Prospect that were drilled in the joint venture of Wind Mill
Oil and Gas, LLC. These wells have proven a gas field that can
potentially produce a substantial amount of natural gas. Future
development will define the size of the reservoir. Production is
from both the "Big Lime" and "Devonian Shale", which are prolific
producing horizons in the Appalachian Basin. With the completion of
the pipeline, gas will be sold into the Powell - Clinch Utility
system. "Our geology has been very accurate in the discovery of
this field. All eight wells are expected to be commercial
producers. We are fortunate to have a field of this size that will
add to our reserve and asset base," noted Deloy Miller - CEO -
Miller Petroleum. Miller Petroleum, Inc. is a publicly traded,
fully integrated, gas and oil exploration and production company.
The company is rapidly increasing natural gas reserves in the
Appalachian Basin. Miller's gas market is readily accessible
through the company's infrastructure of gas lines for immediate
sales. Forward-looking statements made in this release are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that all
forward looking statements involve risk and uncertainties which may
cause actual results to differ from anticipated results, including
risks associated with the timing and development of the company's
reserves and projects as well as risks of downturns in economic
conditions generally, and other risks detailed from time to time in
the company's filings with the Securities and Exchange Commission.
DATASOURCE: Miller Petroleum, Inc. CONTACT: Deloy Miller (CEO) of
Miller Petroleum, Inc., +1-423-663-9457, or Web site:
http://www.millerpetroleum.com/
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